PLACEMENT: Departmental
TITLE:
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STATUS AND DISCUSSION REGARDING FUNDING AND ACQUISITION STRATEGIES FOR INDIVIDUALLY OWNED PARCELS WITHIN PAL-MAR-PALM BEACH HEIGHTS
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EXECUTIVE SUMMARY:
executive summary
Per the Board's request, this is a status update and discussion regarding the funding and acquisition strategies for individually owned parcels within Pal-Mar-Palm Beach Heights.
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DEPARTMENT: Public Works
PREPARED BY: Name: John Maehl
Title: Ecosystems Restoration and Management Manager
REQUESTED BY: Taryn Kryzda, County Administrator
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
On April 27, 2021 staff presented an update and informational presentation of the current status regarding acquisition efforts of available real estate parcels with the Pal-Mar area, which includes lots within the unrecorded platted area referred to as Palm Beach Heights. Martin County has purchased properties from willing sellers and tax deeds within the Pal-Mar area. Prior Board authorizations required the purchase prices to be capped at the assessed value per the Martin County Property Appraiser records. In light of the current robust real estate market, staff informed the Board of the challenges faced with the current acquisition process for individually owned parcels because of the price cap. The Board requested staff bring back an agenda item to discuss funding and strategies for acquiring Pal-Mar area properties.
Martin County currently owns 512.39 acres solely and 3,045 acres jointly with South Florida Water Management District within the Pal-Mar area. Staff is requesting direction from the Board as to its desire to increase acquisition opportunities within the Pal-Mar area by authorizing staff to negotiate competitive purchase prices, some of which could be over Property Appraiser assessed value.
ISSUES:
None
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent ...
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